On Wyckoff BTCUSD I expected a faster and sharper correction. Because of this context I envisioned a price move from 7800 to 6400 or less. But it didn't broke that level of support. That indicated that we were not on a sharp correction.
On that case, Wyckoff BTCUSD PART 2 try to elaborate on a longer correction, after the Downward stride was broken.
This suspicion implies that as the market is not regulated yet, the institutional campaign for crypto hegemony will try to hit money that joined market prior to November, so, they gonna bet another time against SC-selling climax, controlling price spread as they buy in.
On that case, Wyckoff BTCUSD PART 2 try to elaborate on a longer correction, after the Downward stride was broken.
This suspicion implies that as the market is not regulated yet, the institutional campaign for crypto hegemony will try to hit money that joined market prior to November, so, they gonna bet another time against SC-selling climax, controlling price spread as they buy in.
Comment:
We got oversold on 1D chart. This means we may start a fail swing this next week with another leg down squeezing some longs.
Comment:
We did not squeezed enough longs for a bullish rally. Gonna focus on Wyckoff Part 3, the last crash.
